A Freehold Corner Building
• Comprising a Ground Floor Café (A3 Use) with Office (B1 Use) and Two Self-Contained Flats Above
• Potential for Change of Use/ Redevelopment of the Café and Office Accommodation subject to obtaining all necessary consents
• Less than 500 Metres from Farringdon and Chancery Lane Underground Stations
• Café subject to a Lease at a rent of £18,750 per annum
• Upper Parts Vacant
• Total Current Rent Reserved
£18,750 per annum with Upper Parts Vacant
The property is located on the west side of Leather Lane, close to its junction with Baldwin’s Gardens, which lies to the south. Leather Lane is a bustling thoroughfare in the heart of Hatton Garden, famed for being the home of the UK diamond industry. It is strategically located in the London Borough of Camden, close to Westminster and Islington and the City of London. Whilst the area has retained its historic links to the legal and diamond businesses, a wider variety of industries has been attracted to the area with the refurbishment of WeWork’s Record Hall and Waterhouse Square. Leather Lane has also become a foodie hotspot with coffee bars, on trend restaurants and the popular Leather Lane Street Market, all of which make it a desirable place to live and work. Located adjacent to the City of London, the property benefits from exceptional transport links. Chancery Lane Underground Station (Central Line) is 350m (0.2 miles) from the property, whilst Farringdon Station (National Rail, Circle, Hammersmith & City and Metropolitan Lines) is 500m (0.3 miles) to the east.
43 Leather Lane and 21 Baldwin’s Gardens comprises a corner building situated within a mixed use parade, with commercial uses at ground floor and both residential or office space above. The building is constructed in London stock brick and arranged over basement, ground and three upper floors beneath a flat roof. The building extends (GIA) to approximately 202.2 sq m (2,176 sq ft) and provides a café (A3) at ground floor and basement, with office/light industrial (B1) space and two self-contained flats on the upper floors. The café’s glazed frontage and entrance faces onto Leather Lane, whilst access to the upper floors is via an entrance on Baldwin’s Gardens.
The ground floor and basement are subject to a lease to an individual (t/a Café L’Auberge) from 14th November 2005, expiring 13th November 2020 at a current rent of £18,750 per annum.
The property was not measured by Allsop. The following Net Internal Areas were provided by the Vendor. We are informed that the property provides:
Basement 32.5 sq m (350 sq ft)
Ground Floor 69.7 sq m (750 sq ft)
First Floor 32.0 sq m (344 sq ft)
Second Floor 32.0 sq m (344 sq ft)
Third Floor 36.0 sq m (368 sq ft)
Total 202.2 sq m (2,176 sq ft)
Local Planning Authority: Camden Council.
Website Address: www.camden.gov.uk
Planning consent (Ref: 2014/6880/P) was granted on 31st March 2015 for ‘Extension to the rear and additional fourth floor, re-configuration of the first to third floors retaining office use, and change of use to 2 x residential units at second to fourth floors.’
The planning consent provides for two bedroom flats at third and fourth floors.
An application was made on 7th February 2018 to extend the existing planning consent.
The building may afford potential for a number of alternative uses/ layouts, including the conversion of the first and second floors as part of a residential led scheme, subject to obtaining all necessary consents.
We have been informed that the building is not Listed but is situated within the Hatton Garden Conservation Area.
Proposed Area Schedule (Under 2015 consent)
VAT is NOT applicable.